Baldwin Insurance Group (NASDAQ:BWIN) Upgraded by Wall Street Zen to Hold Rating

Baldwin Insurance Group (NASDAQ:BWIN) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $45.00 price objective (up from $39.00) on shares of Baldwin Insurance Group in a research note on Tuesday, April 8th. BMO Capital Markets reduced their price objective on shares of Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, June 13th. Finally, Wells Fargo & Company increased their price objective on shares of Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.83.

Baldwin Insurance Group Trading Up 0.8%

Baldwin Insurance Group stock opened at $42.70 on Friday. The firm has a 50-day moving average of $39.89 and a 200-day moving average of $40.49. Baldwin Insurance Group has a one year low of $34.22 and a one year high of $55.82. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -82.12, a P/E/G ratio of 1.66 and a beta of 1.65.

Insider Activity at Baldwin Insurance Group

In other Baldwin Insurance Group news, insider James Morgan Roche sold 21,035 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $40.05, for a total transaction of $842,451.75. Following the completion of the sale, the insider now directly owns 117,962 shares in the company, valued at $4,724,378.10. This trade represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lowry Baldwin sold 62,500 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $39.00, for a total transaction of $2,437,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 451,380 shares of company stock worth $17,731,131. Insiders own 18.51% of the company’s stock.

Institutional Investors Weigh In On Baldwin Insurance Group

Several hedge funds have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth approximately $36,000. Assetmark Inc. bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth approximately $38,000. Premier Fund Managers Ltd bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth approximately $44,000. Parkside Financial Bank & Trust bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth approximately $59,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Baldwin Insurance Group during the fourth quarter worth approximately $63,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

About Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.